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Mar 20, 2013
03/13
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new deficit reduction, for a total of $4.25 trillion in deficit reduction since the simpson-bowles report. it reduces the deficit to below 3% of g.d.p. by 2015 and keeps it well below that level for the rest of the ten-year window in a responsible way, and it pushes our debt as a percentage of the economy down and moving in the right direction. mr. president, our budget tackles this issue the way the american people have consistently said they want it done, with an equal mick of responsible spending cuts made across the federal budget and new revenue raised by closing loopholes and cutting wasteful breaks that primarily benefit the rich. this budget cuts spending responsibly by $975 billion, and we make some tough choices to get there. we think every program, including the ones that we know are important, need to be wringing out waste, trimming fat and reducing cost to taxpayers. so $500 billion of our deficit reduction comes from responsible savings on the domestic spending side, including $275 billion in health care savings made in a way that doesn't harm our seniors or our families. we
new deficit reduction, for a total of $4.25 trillion in deficit reduction since the simpson-bowles report. it reduces the deficit to below 3% of g.d.p. by 2015 and keeps it well below that level for the rest of the ten-year window in a responsible way, and it pushes our debt as a percentage of the economy down and moving in the right direction. mr. president, our budget tackles this issue the way the american people have consistently said they want it done, with an equal mick of responsible...
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Mar 22, 2013
03/13
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they now claim their budget would eliminate the deficit in 2023. and house budget committee chairman paul ryan has even said that it doesn't really matter how their budget eliminates the deficit. mr. president, americans across our country who will feel the impact of the choices we make in the coming weeks and months feel that it does matter. so while some of my republican colleagues would probably prefer not to hear about it, i think that the impact of the house republican budget is a crucial part of this debate, and we owe it to the american people to put our opinions on the record. now we've come a long way, mr. president, but there are still far too many americans today who are unemployed or underemployed, which is why our senate budget's first priority is boosting our economic recovery. speaker boehner has actually agreed with president obama that our debt does not present -- quote -- "an immediate crisis." so you might think the house budget would phase in cuts responsibly so we can protect our fragile recovery. well, instead the house republ
they now claim their budget would eliminate the deficit in 2023. and house budget committee chairman paul ryan has even said that it doesn't really matter how their budget eliminates the deficit. mr. president, americans across our country who will feel the impact of the choices we make in the coming weeks and months feel that it does matter. so while some of my republican colleagues would probably prefer not to hear about it, i think that the impact of the house republican budget is a crucial...
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Mar 19, 2013
03/13
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can't we do just 7% for deficit reduction? i thought the deficit was so important. but maybe not when it comes to our friends protecting the interests of the big corporations and the rich. i thank the presiding officer, and i yield the floor. a senator: i suggest the absence of a quorum. the presiding officer: oh, now the clerk will call the roll. quorum call: quorum call: the presiding officer: mr. leader. mr. reid: i would ask unanimous consent that the quorum call be terminated. the presiding officer: without objection. mr. reid: i now ask unanimous consent that at 11:15 a.m. tomorrow, wednesday, march 20, all postcloture tile be expired, the durbin secondary amendment to toomey amendment be withdrawn with no other second-degree amendments the senate will come to order, the senate proceed to vote if relation to the toomey amendment 115, that upon disposition of the toomey amendment, the senate then proceed to vote on the mikulski-shelby substitute amendment, as amended; that upon disposition of the substitute amendment, the senate proceed to the cloture vote on t
can't we do just 7% for deficit reduction? i thought the deficit was so important. but maybe not when it comes to our friends protecting the interests of the big corporations and the rich. i thank the presiding officer, and i yield the floor. a senator: i suggest the absence of a quorum. the presiding officer: oh, now the clerk will call the roll. quorum call: quorum call: the presiding officer: mr. leader. mr. reid: i would ask unanimous consent that the quorum call be terminated. the...
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Mar 22, 2013
03/13
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-- there was no deficit. we had a surplus. this idea that we hear from the other side that every time you raise taxes, you hurt the economy just defies history. all we are to do is looking at recent history. and especially now at a time when there's such disparity in income, growing disparity in income in our country, and what we're trying to do here is promote growth. and you promote growth by investing in the things that create growth. and we know what they are. we know what they are. they're education. we're going to cut pell grants? my wife when she was 18 months old, her father died. in a car accident. a world war ii vet, decorated world war ii vet. leaving her mom widowed at age 29 with five kids. four girls and a boy. the boy, my brother-in-law neil, went into the coast guard , and he did 20 years in the coast guard, he still works for the coast guard. electrical engineer in the coast guard. he's my -- the second most important man in my son's life. my son was able to get a master's degree in engineeri
-- there was no deficit. we had a surplus. this idea that we hear from the other side that every time you raise taxes, you hurt the economy just defies history. all we are to do is looking at recent history. and especially now at a time when there's such disparity in income, growing disparity in income in our country, and what we're trying to do here is promote growth. and you promote growth by investing in the things that create growth. and we know what they are. we know what they are. they're...
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Mar 21, 2013
03/13
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managing our deficit in a credible way that will get our deficit under control, it builds on the deficit reductions we've already done, we have already done since we started this debate and simpson-bowles recommendations came out. we have already done $2.4 trillion in deficit reduction, $1.8 trillion in spending reductions, $600 billion in revenues. this is very similar to how the simpson-bowles proposal was made. you have a plausible baseline. i'm not going to get too technical about all this. you're not using smoke and mirrors. you're using a realistic baseline in order to do the deficit reduction. it's achievable. it's doable. it's credible. and you deal with tax expenditures. one more point about tax expenditures, senator coons, because you're exactly right. we have provisions in the spending programs of this country that invest in energy security, and that's subject to sequestration because it's an appropriation bill, but we have provisions in the tax code that gives special breaks to the oil and gas industry. these are expenditures. these are revenues that we're hemorrhaging. they
managing our deficit in a credible way that will get our deficit under control, it builds on the deficit reductions we've already done, we have already done since we started this debate and simpson-bowles recommendations came out. we have already done $2.4 trillion in deficit reduction, $1.8 trillion in spending reductions, $600 billion in revenues. this is very similar to how the simpson-bowles proposal was made. you have a plausible baseline. i'm not going to get too technical about all this....
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Mar 21, 2013
03/13
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and to created big deficits. and then the onslaught of the great recession in 2008 pushed our deficits even higher. and today, today only one-eighth of the revenues lost by the bush tax cuts have been restored. one-eighth. one-eighth. yet many of the republicans keep repeating their mantra that we only have a spending problem, only a spending problem, not a revenue problem. this is demonstrably not the case. now, we go back in time when i was here when president reagan pushed through some tax cuts when he came in as president, but i would say to his credit, he realized they went too far so he reversed course and supported two income tax increases. well, in looking back just 12 years ago, president george w. bush's tax cuts also went too far. again, contributing to the largest deficit in our history. well, you'd think that we would want to reverse course, but republicans have dogmatically refused to reverse course on these -- on increasing revenues. they stick to their ideological man travment they say, don't touc
and to created big deficits. and then the onslaught of the great recession in 2008 pushed our deficits even higher. and today, today only one-eighth of the revenues lost by the bush tax cuts have been restored. one-eighth. one-eighth. yet many of the republicans keep repeating their mantra that we only have a spending problem, only a spending problem, not a revenue problem. this is demonstrably not the case. now, we go back in time when i was here when president reagan pushed through some tax...
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Mar 23, 2013
03/13
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we shouldn't run a deficit at least one that is as large now. i think it's precarious and for the senators, democratic senators running for reelection in red states. that is why you saw four democratic senators they are all representing states that barack obama lost. >> gregg: speaking of debt and deficits, president obama said recently the debt is not an immediate problem, but by huge margins, americans disagree. 68% of them disagree with the president on that. they also think he is wrong with b something else. spending. this is a fox news poll. they think his top priority should be cutting spending to reduce the deficit, not spend more, taxpayer dollars to create jobs. is that why president obama seemed to have dropped the campaign for spending realize he is pushing his job ratings down and in the process driving away potential voters? >> i think there has been a sense over the last month or so, as you point out poll numbers have gone down. white house is not going to make a big campaigns go across the country asking for tax increases but that
we shouldn't run a deficit at least one that is as large now. i think it's precarious and for the senators, democratic senators running for reelection in red states. that is why you saw four democratic senators they are all representing states that barack obama lost. >> gregg: speaking of debt and deficits, president obama said recently the debt is not an immediate problem, but by huge margins, americans disagree. 68% of them disagree with the president on that. they also think he is...
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Mar 21, 2013
03/13
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so they -- where is the deficit? they claim that they reduce the deficit by $1.85 billion -- $is.8$1.85 trillion. well, let's look at that number. what about the sequester i've been talking about? they eliminated the sequester. spending goes up $1.223 trillion. was this scored in their number? no. they are telling us we've got a $1.85 trillion, we got to take off $1.2 trillion because they didn't score. take that off. oh, we've looked at that time more careful carefully. it took us a while to read this. but we've got a good staff and they dug it out. they found out there was no pay-for for the doctors. for the last number of years we have found that the payment schedule for doctors is totally inaccurate you based on a law passed in the 1990's that's cut their payment to a degree that if we cut them another 2 20-some-odd percent, they'd quit taking patients. so we put the money in every year because we have to put the money in. else they won't treat our patients. they can't afford to. and everybody, republicans and de
so they -- where is the deficit? they claim that they reduce the deficit by $1.85 billion -- $is.8$1.85 trillion. well, let's look at that number. what about the sequester i've been talking about? they eliminated the sequester. spending goes up $1.223 trillion. was this scored in their number? no. they are telling us we've got a $1.85 trillion, we got to take off $1.2 trillion because they didn't score. take that off. oh, we've looked at that time more careful carefully. it took us a while to...
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Mar 22, 2013
03/13
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it calls for tax revenue to help reduce the deficit. it calls for more spending. we are in the funny process where today, we will wrap up beforehand 50 hours of debate and start the unlimited amendment process. any issue that you have heard complaints about, we might see votes on today. droneld be stuff like strikes against u.s. citizens, it could be taxes and repealing healthcare. the point to remember, this is adding on to a budget resolution. it is interesting and it may give people clues as to what appetites there are in the senate to pass or repeal certain elements of policy. host: the headline says the senate is poised to pass a budget. do you expect it to pass? guest: we do expect it to pass. behink the democrats will able to control the process and get it to pass. they have a small window. you would need vice president biden to come down and break the tie. the significance is, this is the result -- there is a lot of pent up frustration on the republican side. that is why we might see a late night tonight and into the morning. once it is passed, i think a l
it calls for tax revenue to help reduce the deficit. it calls for more spending. we are in the funny process where today, we will wrap up beforehand 50 hours of debate and start the unlimited amendment process. any issue that you have heard complaints about, we might see votes on today. droneld be stuff like strikes against u.s. citizens, it could be taxes and repealing healthcare. the point to remember, this is adding on to a budget resolution. it is interesting and it may give people clues as...
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Mar 21, 2013
03/13
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we have a jobs deficit. we have a budget deficit. and these are the byproducts of a leadership deficit. we still have no budget from the president, in violation of the law. he gets his ncaa bracket in on time but still no budget. this is the fourth time in five years. he set a new record this year, two months with no plan, while we had trillion-dollar deficits and a debt crisis on the horizon. his party leaders, unfortunately, failing offering a serious account of our challenge. no serious plan to grow our economy or create jobs. no plan to ever balance the budget. take more. trillions of dollars more to spend more in washington. that's what got us in this mess in the first place. so what can be done? the good news is that we now have a vehicle for regular order. the democrats derailed the budget process each of the last few years and stopped governing when they stopped budgeting. at least we now have a budget process that's moving. we brought them back in the game this spring. that's a good thing. so what's going to happen in the we
we have a jobs deficit. we have a budget deficit. and these are the byproducts of a leadership deficit. we still have no budget from the president, in violation of the law. he gets his ncaa bracket in on time but still no budget. this is the fourth time in five years. he set a new record this year, two months with no plan, while we had trillion-dollar deficits and a debt crisis on the horizon. his party leaders, unfortunately, failing offering a serious account of our challenge. no serious plan...
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Mar 23, 2013
03/13
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FOXNEWSW
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calls for more spending and more taxes and bigger deficits. that is not where the american people are. recent polls this week showed that 55% of the american people favored the republican budget plan. if you took the word republican off of it and simply described would you support a budget that balances the budget and raises no taxes and cuts $5 trillion of them favor that 55% to 24% that budget that would raise taxes by a trillion and cut spending by hundred billion and not balance the budget which is what the democratic budget calls for. >> greta: we are 18 months out from the 2014 election. we have the house has passed a budget and senate has passed a budget. it will go to a conference for reconciliation. both parties have made it sent tral focus of 2014. it is a signal they are more interested in winning and making sorted smear each other's face with each other budget rather than drawing common ground. >> two things. they don't go to conference on the budget resolutions. each house passes its own resolution which gives protection for the a
calls for more spending and more taxes and bigger deficits. that is not where the american people are. recent polls this week showed that 55% of the american people favored the republican budget plan. if you took the word republican off of it and simply described would you support a budget that balances the budget and raises no taxes and cuts $5 trillion of them favor that 55% to 24% that budget that would raise taxes by a trillion and cut spending by hundred billion and not balance the budget...
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Mar 21, 2013
03/13
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when you're dealing with deficit reduction -- i just described how we got into a deficit situation. but when you're dealing with a deficit situation and you say we need to make sacrifices, it is absolutely appropriate and ask who is best able to make those sacrifices? and right now, as i think most americans know, the wealthiest people in this country are doing phenomenally well. large corporations are enjoying record-breaking profits. that's one group of people. meanwhile, the middle class of this country is disappearing, and we have 46 million people living in poverty. so common morality, basic morality says who do you ask most significant throeu help with deficit reduction? do you tell annoyed worker who is trug -- do you tell an unkphroeud -- do you tell an unemployed worker we're going to balance the budget on your back or do you say to a huge profitable corporation that in some cases is paying nothing in taxes, we're going to ask you to help us with deficit reduction? mr. president, it is important for us to do what we do too rarely on the floor of the senate: take a hard look
when you're dealing with deficit reduction -- i just described how we got into a deficit situation. but when you're dealing with a deficit situation and you say we need to make sacrifices, it is absolutely appropriate and ask who is best able to make those sacrifices? and right now, as i think most americans know, the wealthiest people in this country are doing phenomenally well. large corporations are enjoying record-breaking profits. that's one group of people. meanwhile, the middle class of...
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Mar 23, 2013
03/13
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just calling about the obamacare and also about the deficit in the united states. my feeling is, many workers across america have lost their insurance and have lower wages because of company downsizing and lower profits. we still pay government workers high wages and give them excellent paid insurance. maybe it is time to decrease their wages and to make their -- make them have a payment they have to pay for their insurance -- [indiscernible] guest: interesting point you bring up about people losing their health insurance. in a bipartisan move in this budget, there is a directive to couch the effect of the number of people losing their health insurance because of obamacare. it was a republican sponsored saying -- thing. they will try to see how much it is occurring. host: the house approved the continuing resolution by 310- 109. 27 republicans and 82 republicans voted no. theye senate version, passed -- 20 republicans voted yes. the democrat of montana voted no. now that these two measures have been passed by the separate chambers, what happens next? guest: the cr
just calling about the obamacare and also about the deficit in the united states. my feeling is, many workers across america have lost their insurance and have lower wages because of company downsizing and lower profits. we still pay government workers high wages and give them excellent paid insurance. maybe it is time to decrease their wages and to make their -- make them have a payment they have to pay for their insurance -- [indiscernible] guest: interesting point you bring up about people...
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Mar 19, 2013
03/13
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reduction a year when last year our deficit was $1.2 trillion. so this budget plan increases taxes, it increases spending over our current rate and it does nothing to change the debt course of america. we need a plan that can balance the budget. we can do that and still increase spending every year. it will balance in ten years if we stay disciplined, but that's not the plan that's on the floor, and our colleagues need to study it and do not need to be voting for a plan that makes no change in our debt course, that does not create quote but simply borrows more. i thank -- i see my colleague, the democratic whip, i will call him, and would appreciate the opportunity to share these remarks and would yield the floor. mr. durbin: mr. president? the presiding officer: the senator from illinois. mr. durbin: i thank my friend from alabama for yielding. i have 13 unanimous consent requests for committees to meet during today's session of the senate. they have the approval of the majority and minority leaders. i ask unanimous consent these requests be ag
reduction a year when last year our deficit was $1.2 trillion. so this budget plan increases taxes, it increases spending over our current rate and it does nothing to change the debt course of america. we need a plan that can balance the budget. we can do that and still increase spending every year. it will balance in ten years if we stay disciplined, but that's not the plan that's on the floor, and our colleagues need to study it and do not need to be voting for a plan that makes no change in...
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Mar 26, 2013
03/13
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they are making up a billion dollar budget deficit. >> stockton, california now. the largest u.s. city to file for bankruptcy. lawyers for the central valley city of 300,000 people are filing chapter 9 to see how it will pay in the pension fund which is the top debt. >> we have stories you can bank on this morning. bad news for your wallet. while many of us are making less than we were four years ago, joining us now to explain why is lauren simonetti from the fox business network. >> what's the primary reason here? >> there is a few reasons mostly because it costs more money. i am going to show you some numbers. they are really startling. when it feels like we are not making money we always say that. when you look at the data we are not. median household income is over 51,000 dollars. take a look at that on a time line. 6 percent less than when the economic recovery began in summer of 2009 and less than when the recession started. obviously we are not making enough money. all of this data comes from research. they also say one of the key reasons speegsly now because - especially n
they are making up a billion dollar budget deficit. >> stockton, california now. the largest u.s. city to file for bankruptcy. lawyers for the central valley city of 300,000 people are filing chapter 9 to see how it will pay in the pension fund which is the top debt. >> we have stories you can bank on this morning. bad news for your wallet. while many of us are making less than we were four years ago, joining us now to explain why is lauren simonetti from the fox business network....
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Mar 20, 2013
03/13
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we have a budget out today that a budget that reduces the deficit, creates jobs, ensures global peace and security. t fights a good fight often without a lot of recognition but just doing a good job. not speaking today on behalf congressional black caucus. we have to hold any president ccountable in terms of checks and balances. that is part of the three ranches of government, udiciary, executive and legislati legislative. we have a duty and ensure that y to people have a voice in their guest: let government. what the house of representatives is about. written to president obama and respectfully have sked him to really justify and give us the information about the asis upon which -- legal basis -- the use of drones is engaged in as a result of efforts. we are waiting for the response from them on that. think it is important we ask any president questions as members of congress, it is our responsibility to do that and to personally continue to do that. i think that it president has image changed america's and role in the world and is phenomenal job. but that doesn't mean i won't exerci
we have a budget out today that a budget that reduces the deficit, creates jobs, ensures global peace and security. t fights a good fight often without a lot of recognition but just doing a good job. not speaking today on behalf congressional black caucus. we have to hold any president ccountable in terms of checks and balances. that is part of the three ranches of government, udiciary, executive and legislati legislative. we have a duty and ensure that y to people have a voice in their guest:...
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Mar 20, 2013
03/13
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the deficit according to their budget in the year 2023, will be $5 6 billion. in contrast the budget that we will be offering will be surplus, surplus in 2023. will finally allow us to start paying down the debt. there are no reforms. no significant reforms at all. in medicare, medicaid, social security. how you can have a vision for this country going forward and not at least discuss possible, reasonable reforms to those programs is beyond even somehow it passed out of the senate committee. defense is cut by an additional quarter of a trillion dollars. a cut by an additional quarter of a trillion dollars over the sequester cuts we already had and over the reductions the defense department voluntarily took upon itself during the last budget process. i come before this body before, mr. chairman, and encouraged this body in a bipartisan fashion to look to the defense department as possible ways to save money. under the belief there must be some money in the defense department that can be saved in a responsible fashion. what the senate has done goes so far beyond
the deficit according to their budget in the year 2023, will be $5 6 billion. in contrast the budget that we will be offering will be surplus, surplus in 2023. will finally allow us to start paying down the debt. there are no reforms. no significant reforms at all. in medicare, medicaid, social security. how you can have a vision for this country going forward and not at least discuss possible, reasonable reforms to those programs is beyond even somehow it passed out of the senate committee....
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Mar 20, 2013
03/13
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it claims that it reduces the deficit over 10 years by $1.5 trillion. that is not correct. [ male announcer ] in blind taste tests, even ragu users chose prego. prego?! but i've been buying ragu for years. [ thinking ] i wonderhat other questionable choices i've made? [ club scene music ] [ sigh of relief ] [ male announcer ] choose taste. choose prego. bill: there's a top republican senator now demanding answers from the fbi director after not being briefed on their benghazi investigation for the last six months. four americans died in the assault on the u.s. consulate including our ambassador chris stevens. senator susan collins says she wants some simple questions answered. quote, are any of the suspects believed to be responsible for the deaths of these four americans including ambassador stevens in u.s. or libyan custody? how many suspects in the attacks are still at large? a few other questions after that. virginia republican congressman frank wolf has been fighting for answers in benghazi. he is our guest now. sir, good morning, welcome back. >>
it claims that it reduces the deficit over 10 years by $1.5 trillion. that is not correct. [ male announcer ] in blind taste tests, even ragu users chose prego. prego?! but i've been buying ragu for years. [ thinking ] i wonderhat other questionable choices i've made? [ club scene music ] [ sigh of relief ] [ male announcer ] choose taste. choose prego. bill: there's a top republican senator now demanding answers from the fbi director after not being briefed on their benghazi investigation for...
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Mar 26, 2013
03/13
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stealthy way, it happened in the past just hike in cyprus, with america going into an ever-increasing deficits and spiraling debt and at some point that has to come to an end. if they don't do it by stealing it by inflation, they'll have to do what they did in cyprus, which is just to take it. charles: that's the part that i think scares a lot of people. you made great points and argue that obamacare makes us spend money we don't want to spend and estate tax confiscates money that's already been taxed. and the idea that they can go this weekend, i've got 2 grand in the bank and on monday morning, maybe it's 1600, that's scaring people because something like that, that scenario, could that play out? >> well, europe has said it couldn't happen and now it says it can happen and is happening and it's suggested that it could happen in the future. people have to understand that when the economies break down, anything can happen to their money and their money is not totally safe. it doesn't matter where you are, if countries go broke, your money is not safe and america is heading towards going broke
stealthy way, it happened in the past just hike in cyprus, with america going into an ever-increasing deficits and spiraling debt and at some point that has to come to an end. if they don't do it by stealing it by inflation, they'll have to do what they did in cyprus, which is just to take it. charles: that's the part that i think scares a lot of people. you made great points and argue that obamacare makes us spend money we don't want to spend and estate tax confiscates money that's already...
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Mar 19, 2013
03/13
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there is something unique in the baseline where deficits go down to the mid part of the next ten years and then go right back up. what we want to do is get them on a downward path and keep them down. we not only balance the budget, we go into surpluses and pay off the debt. >> brian: here is chris van hollen. he seems to disagree with everything you say. here is an example. >> i'm used to that. >> let me focus first on what our budget focuses on, which is not just economic growth in jobs in the future, but jobs in economic growth now and in the future. this republican budget is not balanced in ten years. >> brian: is he right? is it not in balance? >> no, it does balance in ten years. they're throwing new meaning to the word balance. they say they're taking a balanced approach. the problem is their balanced approach never, ever balances the budget. from what murray and van hollen's standpoint, a balanced approach is another tax increase, only followed up with more spending increases. they think that's the balanced approach. we actually balance the budget by cutting spending and not rai
there is something unique in the baseline where deficits go down to the mid part of the next ten years and then go right back up. what we want to do is get them on a downward path and keep them down. we not only balance the budget, we go into surpluses and pay off the debt. >> brian: here is chris van hollen. he seems to disagree with everything you say. here is an example. >> i'm used to that. >> let me focus first on what our budget focuses on, which is not just economic...
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Mar 23, 2013
03/13
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CNNW
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they decided to cut costs as the chicago public school system faces a reported billion dollar deficit. alderman willie cochran's ward, constituents have been calling all day. >> some cases we are happy, in some cases we are not so happy. >> reporter: on the plus side, the district says the savings will allow major investments in surviving schools including adding 70 libraries, science labs, even air conditioning. for many it's not what's gained but what's lost and where. neighborhood schools in some of chicago's poorest communities. the decisions were based on low enrollment but others say race made a role. an outraged carrie austin, an alderman, told "the chicago tribune," quote, every time the whites go to screaming and hollering, they back off and steam roll over black and brown folks. not this time. and she's not the only one who believes that. you think it's the black communities that often are asked to sacrifice first? >> in this case, yes, i do. yes, i do. >> reporter: this is 70th street in the heart of the city's south side and this is the local elementary school. parents are
they decided to cut costs as the chicago public school system faces a reported billion dollar deficit. alderman willie cochran's ward, constituents have been calling all day. >> some cases we are happy, in some cases we are not so happy. >> reporter: on the plus side, the district says the savings will allow major investments in surviving schools including adding 70 libraries, science labs, even air conditioning. for many it's not what's gained but what's lost and where....
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Mar 25, 2013
03/13
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FBC
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eye 75
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the u.s., two to three years from now is going to go from deficit to surplus. we haven't had a surplus since 1975. secondly, global trade, global trade is actually very good for the u.s. because it grows the global economy. for instance, there's a new panama canal that is going to really bowler is it the south belt trade from china to other emerging markets. technology is always, we're looking in the technology, there is something called big beta. this is taking technology from cost controls to revenue enhancement. we coined our own pivot. per re, indsmeesh that, vietnam, oman and turkey. tracy: what worries you the most right now? >> europe. i'm very concerned that cyprus is not by itself a big deal but they keep changing the rules of the game and the financial system is very precarious right now in europe. the u.s. is fine. and i'm just wondering how long can europe, we're in the third, they're in the third recession in five years, how long can they not grow? all the debt forgiveness in the world without economic growth will be a long-term problem. ashley: as
the u.s., two to three years from now is going to go from deficit to surplus. we haven't had a surplus since 1975. secondly, global trade, global trade is actually very good for the u.s. because it grows the global economy. for instance, there's a new panama canal that is going to really bowler is it the south belt trade from china to other emerging markets. technology is always, we're looking in the technology, there is something called big beta. this is taking technology from cost controls to...
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Mar 19, 2013
03/13
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CSPAN2
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eye 76
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between management in the interest of increasing productivity to get our debt levels down to have our deficit reduced to 3% by 2015 because of the fact of a program of assistance from from the e.u. and the imf. we are now actually ranked number one in the world for skilled labor. economic recovery in itself is never in and of itself in keeping with the democratic ideas as for what recovery can do for the people in terms of the social impact of the contribution they can make to their localities into their country. political will, culture and social and economic and that recovery and all its potential has come following a very hard piece in ireland. we have some experience of this and to contribute validly too many contributions around the world. in fact the president made the point that since the united nations was founded ireland is the one country, the one country small though it is that can validly point to personnel and peacekeepers and in some location around the world on peacekeeping missions and humanitarian missions since the u.n. was actually founded. you are well aware of the trouble
between management in the interest of increasing productivity to get our debt levels down to have our deficit reduced to 3% by 2015 because of the fact of a program of assistance from from the e.u. and the imf. we are now actually ranked number one in the world for skilled labor. economic recovery in itself is never in and of itself in keeping with the democratic ideas as for what recovery can do for the people in terms of the social impact of the contribution they can make to their localities...
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Mar 19, 2013
03/13
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CSPAN2
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people didn't even know we had a national debt or deficit. but then a grassroots movement known as the tea party started to emerge. [cheers and applause] and what made the tea party so effective was not only it came from the grassroots, but it had three core values; fiscal responsibility, constitutionally-limited government and free markets. and because of the tea party, we were able to put patriots like michele bachmann, joe walsh into congress so they can make sure that congress will not continue to spend my generation's money. [applause] we need to save the tea party so that we can save america. [applause] ladies and gentlemen, please welcome jenny martin from the tea party patriots. [cheers and applause] ♪ >> thank you. [cheers and applause] picture this: college students in this country who are optimistic about the future and look forward to living the american dream. after college they pursue their careers and begin to make a living. they become parents and put food on the table for their children, save for their retirement and still
people didn't even know we had a national debt or deficit. but then a grassroots movement known as the tea party started to emerge. [cheers and applause] and what made the tea party so effective was not only it came from the grassroots, but it had three core values; fiscal responsibility, constitutionally-limited government and free markets. and because of the tea party, we were able to put patriots like michele bachmann, joe walsh into congress so they can make sure that congress will not...
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Mar 19, 2013
03/13
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FOXNEWSW
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on the screen, $100 million general fund deficit by june of 2013. $14 billion in long-term liabilities, matt, you were referring to this, average unemployment rate of 18% over the past year. i mean, there's nothing good here. >> i mean, honestly, i hate to say this, but there's a point where you just bulldoze detroit. what can you do? you can't get people to move there, you can't get companies to work there. how about this stat? in detroit 400 liquor stores, zero chain supermarkets. bill: is that a fact? >> zero chain supermarkets in detroit. but 400 liquor stores. how do you get a company to come in there? >> and one of four houses have foreclosure filings. bill: both of you have reflected over time time now about the dysfunction in the government. >> yeah. bull bill so is the only way out for republican governor rick snyder to appoint a guy to say this is what i'm going to cut out, and this is how i'm going to get your house in order? is that the only -- >> >> that's where they're at right now. if not, they go to bankruptcy, and you will see all of your contracts cuts if you do not p
on the screen, $100 million general fund deficit by june of 2013. $14 billion in long-term liabilities, matt, you were referring to this, average unemployment rate of 18% over the past year. i mean, there's nothing good here. >> i mean, honestly, i hate to say this, but there's a point where you just bulldoze detroit. what can you do? you can't get people to move there, you can't get companies to work there. how about this stat? in detroit 400 liquor stores, zero chain supermarkets. bill:...
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Mar 19, 2013
03/13
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will they give the president a major deficit reduction victory or not? if they really believe that needs to be done and the president put something on the table that gets them significant entitlement reform and savings, i think they've got to do it. >> harold, i think the possibility of deals and immigration, possibility of deals on guns, possibility of deals on the budget, on the long-term debt, i think the possibilities are actually -- excuse me for being optimistic, pretty darn good on all fronts. you've got republicans who daily are holding press conferences wringing their hands trying to figure out how to save their party. and you have a president who, again, he's a 47%, pretty damn good considering everything. but still, he wants to be over 50% and he wants a legacy. he doesn't want to just talk about what he did the first two years. >> i agree. i believe the prospects for progress on both immigration and gun control are gun regulation. if we get progress on the budget and the debt. i think immigration and gun regulations are easier to win. if the
will they give the president a major deficit reduction victory or not? if they really believe that needs to be done and the president put something on the table that gets them significant entitlement reform and savings, i think they've got to do it. >> harold, i think the possibility of deals and immigration, possibility of deals on guns, possibility of deals on the budget, on the long-term debt, i think the possibilities are actually -- excuse me for being optimistic, pretty darn good on...
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Mar 22, 2013
03/13
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CSPAN
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aboutrse when we think debt and deficits, there are two kinds of deficit. there are those that invest in human capital or infrastructure or investing in education, and those which do not, which endanger our future by adding to the national debt. and this war deficit was of the second type. amthird point that i passionate about, although it is difficult for many people to be passionate about accounting, but i am passionate about the lack of war accounting. one of the purposes of our book and the several book chapters that we have written since then is to argue that bad accounting matters. the u.s. owes nearly a trillion dollars in what business would call deferred compensation to the men and women who fought the war, but this liability does not appear anywhere on the national balance sheet. we did not account for the value of the 6658 lives lost in iraq and afghanistan. that is just the troops, not civilians, not contractors, except for small amount of life insurance money. even though civilian government agencies estimate the value of life at $7.20 million,
aboutrse when we think debt and deficits, there are two kinds of deficit. there are those that invest in human capital or infrastructure or investing in education, and those which do not, which endanger our future by adding to the national debt. and this war deficit was of the second type. amthird point that i passionate about, although it is difficult for many people to be passionate about accounting, but i am passionate about the lack of war accounting. one of the purposes of our book and the...
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Mar 19, 2013
03/13
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CSPAN
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and will that knowledge deficit of experience mean yeah g? he definitely sees that his goal is that israel be a normal country than the middle class has a better quality of life, it sounds familiar to people here. that is dealing with the palestinian issue. work this out.to i don't know what that means. and it gave an interview and was , when the reporter asked him about iran, he said, i have no clue. this is a guy on the inner sanctum of israel. he says, i have no clue. i just wonder how this constellation is going to configure itself. i would hope that a lot of time, the foreign diplomats, whether it is in europe, our country, that we spend a lot of time with these new people then be sitting around the table. the central factor, i don't want to go to mention the weeds bennet and guys, lapid have the central access to the government. is convinced to break that alliance the day after the election. and get a it government more to his liking where he can keep his base. he found out that these two guys who had only met once before the election,
and will that knowledge deficit of experience mean yeah g? he definitely sees that his goal is that israel be a normal country than the middle class has a better quality of life, it sounds familiar to people here. that is dealing with the palestinian issue. work this out.to i don't know what that means. and it gave an interview and was , when the reporter asked him about iran, he said, i have no clue. this is a guy on the inner sanctum of israel. he says, i have no clue. i just wonder how this...
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Mar 23, 2013
03/13
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CNNW
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eye 200
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it's designed to cut costs as the school system faces a reported $1 billion deficit. ward constituents have been calling all day. >> some cases we're happy, some not so happy. >> reporter: on the plus side, the savings will allow major investments in surviving schools including adding 70 libraries, science labs and even air-conditioning. for many it's not what's gained but what's lost and where. neighborhood schools in some of chicago's poorest communities. school officials say it was based on low enrollments, but others say race played a role. an alderman told the "chicago tribune," every time the whites get to scheming and hollering, they back off and steam roll. not this time. she's
it's designed to cut costs as the school system faces a reported $1 billion deficit. ward constituents have been calling all day. >> some cases we're happy, some not so happy. >> reporter: on the plus side, the savings will allow major investments in surviving schools including adding 70 libraries, science labs and even air-conditioning. for many it's not what's gained but what's lost and where. neighborhood schools in some of chicago's poorest communities. school officials say it...
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Mar 18, 2013
03/13
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CSPAN
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eye 106
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during the last 40 years there have been only four budgets without deficits. the last three clinton budgets and the one that george bush inherited from bill clinton. in each case taxes as a percentage of the total economy were over 20%. in this republican fantasy land budgets are balanced with revenues at 19% of the economy, yet meeting the needs of 78 million more seniors and a infrastructure deficit that is growing as america is falling apart. clearly this is not remotely possible if we are going to enjoy anything like our current quality of life. there is a real world intersection of budget saving opportunities with potential areas of agreement. health care reform is one. but not just by shifting the burden to seniors and disabled as the republicans propose in their fantasy budget. my home state of oregon is the middle of an exciting demonstration of how to squeeze out the waste we all know is there and realign incentives. instead of the empty ritual of pretending to repeal obamacare, let's work together to accelerate reform for all americans. if the oregon
during the last 40 years there have been only four budgets without deficits. the last three clinton budgets and the one that george bush inherited from bill clinton. in each case taxes as a percentage of the total economy were over 20%. in this republican fantasy land budgets are balanced with revenues at 19% of the economy, yet meeting the needs of 78 million more seniors and a infrastructure deficit that is growing as america is falling apart. clearly this is not remotely possible if we are...
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Mar 18, 2013
03/13
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. >> you're going to see the debt and deficit dwindle massively. let's talk about the contest in which dr. carson were speaking, if were talking about the debt and the policy prescriptions of the democrats and the obama administration then he needs to present a counter argument. he needs to present a vision for america that goes against that and he's fnot doing that, he's condemning and criticizing the president's motives, and by insinuation. >> that's absolutely not true. and in fact-- >> disrespectful for the office. >> first of all, he's not run for office. he's not doing this to seek political power, he loves this country. and number one. number two, you mentioned the debt, megyn, this president by the time he leaves office and reelected and we can all agree it that would have added more to the debt than all of his predecessors, including the much maligned george w. bush combined. he had no pro growth, and doesn't protect the balance and the president is delinquent by two months presenting a budget. en you're making your assessment at 5% growth
. >> you're going to see the debt and deficit dwindle massively. let's talk about the contest in which dr. carson were speaking, if were talking about the debt and the policy prescriptions of the democrats and the obama administration then he needs to present a counter argument. he needs to present a vision for america that goes against that and he's fnot doing that, he's condemning and criticizing the president's motives, and by insinuation. >> that's absolutely not true. and in...
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Mar 18, 2013
03/13
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CSPAN2
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but i'd like to remind the president and his allies that after $4 trillion deficits -- that would be the annual difference between what we bring in and what the government spends -- four in a row more than a trillion dollars -- after more than $1.6 trillion in tax increases, after hundreds of billions of dollars worth of new regulations, our country is mired, we are mired in the longest period of high unemployment since the great depression. that is a direct consequence of this huge debt and our creditors' lack of confidence that we're actually serious about dealing with it. indeed, many workers have simply given up on finding work, which is one reason why our labor force participation rate is now at a 32-year low. unemployment's almost 8% but that doesn't take into account the millions of people who have simply given up looking for work after a long period of unemployment. since june 2009, when the recession officially ended, median household income has fallen by more than $2,400. so instead of treading water, the average american family is seeing their buying power decrease by more
but i'd like to remind the president and his allies that after $4 trillion deficits -- that would be the annual difference between what we bring in and what the government spends -- four in a row more than a trillion dollars -- after more than $1.6 trillion in tax increases, after hundreds of billions of dollars worth of new regulations, our country is mired, we are mired in the longest period of high unemployment since the great depression. that is a direct consequence of this huge debt and...
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Mar 21, 2013
03/13
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FBC
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eye 101
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54% say the government needs to cut spending to reduce the deficit while 38% said, spending should be increased to boost job creation. tracy: hmmm. how about that? all right, joining us with more on this bill passed today that peter barnes was just referencing too and americans feeling on the economy, congressman marsha blackburn. thanks for being with us today. start with the continuing resolution. here we go again, kicking the can down the road, buying some time. we'll be back to square one in a couple months. then what? >> i'll tell you at least what we have is a continuing resolution that recognizes the reductions that were made, the spending reductions that were made through sequestration. so that is, that's a good, a good solid step. with the budget, we have passed ours in the house. it will be the first time in several years for the senate to actually pass a budget. i guess they want their paychecks next month. and then, you know, tracy, let's see what comes forward as we try to working is out. they continue to say balanced approach but i'll tell you, i think the american peopl
54% say the government needs to cut spending to reduce the deficit while 38% said, spending should be increased to boost job creation. tracy: hmmm. how about that? all right, joining us with more on this bill passed today that peter barnes was just referencing too and americans feeling on the economy, congressman marsha blackburn. thanks for being with us today. start with the continuing resolution. here we go again, kicking the can down the road, buying some time. we'll be back to square one...
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Mar 23, 2013
03/13
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FOXNEWSW
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kansas state could no overcome an 18 point halftime deficit. show of hands. how many brackets are ruined in here this morning. yeah. a lot of people. ali? jesse? >> all right. clayton. if you are looking to do a little home improvement. you want to spend your money on products that work. luckily for us. already done the testing. lifestyle expert has some household musts and must not. >> alisyn: right. >> megyn's must have. tell us what you need. >> start talking. >> alisyn: with the upholstery tag. >> freshen up your decor organize and pay attention to the gashed. here is what i want you to invest in and what i don't want to you invest in. these are upholstery tacks. a little spike on the end. go around your house. i bet you have a piece of furniture that look as little trap. guess what, all do you is pop these babies in right along the seam. >> you don't need any equipment? >> i'm putting these in with my hands. this is a piece of foam furniture. add a little piece of glue to secure it into the foam. if you can put a push pin. if it's a wood piece of furnitu
kansas state could no overcome an 18 point halftime deficit. show of hands. how many brackets are ruined in here this morning. yeah. a lot of people. ali? jesse? >> all right. clayton. if you are looking to do a little home improvement. you want to spend your money on products that work. luckily for us. already done the testing. lifestyle expert has some household musts and must not. >> alisyn: right. >> megyn's must have. tell us what you need. >> start talking....
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Mar 24, 2013
03/13
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KTVU
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eye 295
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surely not enough to fill our deficit at this point but it is going to bring back the cooler temperatures in the overnight hours with the cloud cover. we will actually see our 0 overnight lows and our morning temperatures come up. low 40s in the forecast tuesday, wednesday, thursday. unsettled weather wednesday and thursday with a bigger storm moving in for the weekend. this second system, or third system i guess we could call it, could bring us scattered showers for saturday and sunday. >>> on tuesday night the sacramento city counsel will consider throwing up a last- second shot to keep the kings from leaving town. the city has struck a daily to build a new $448 million downtown arena, and it would be the largest redevelopment project in sacramento history with up to a million and a half square feet of offices housing shops and a hotel. the city would pay $258 million with most of the money coming from the sale of bonds supported by parking revenues. >> that's part of revitalizing our downtown. that's part of completing the rest of k street. that's part of adding additional businesses t
surely not enough to fill our deficit at this point but it is going to bring back the cooler temperatures in the overnight hours with the cloud cover. we will actually see our 0 overnight lows and our morning temperatures come up. low 40s in the forecast tuesday, wednesday, thursday. unsettled weather wednesday and thursday with a bigger storm moving in for the weekend. this second system, or third system i guess we could call it, could bring us scattered showers for saturday and sunday....
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200
Mar 22, 2013
03/13
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MSNBCW
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eye 200
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city officials project 1 billion dollar deficit next year. the closures will save chicago $560 million the next decade. >> whether you do this, mike, in chamucla, florida, or chicago, illinois, this is always excruciating tough for parents and kids, but you got to do it if you're going to keep the budget. >> you have to do it to same some semblance of sanity for a big city like that but you get into where are the displaced kids going to go to schools when the schools are closed? are they going to be bussed? most parents would like their kids to go to a neighborhood school and what happens then? that a huge burden for the mayor now. >> totally. sequestration is complicating it even more. we just did a report that head start across the country is facing these exact challenges and cutting school days and not accepting kids and randomly dropping kids from the program and a disadvantage for kids in that economic status. >> you look at the regional and local papers across the country you see endless stories like this. you look at the national progr
city officials project 1 billion dollar deficit next year. the closures will save chicago $560 million the next decade. >> whether you do this, mike, in chamucla, florida, or chicago, illinois, this is always excruciating tough for parents and kids, but you got to do it if you're going to keep the budget. >> you have to do it to same some semblance of sanity for a big city like that but you get into where are the displaced kids going to go to schools when the schools are closed? are...
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Mar 23, 2013
03/13
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CSPAN2
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eye 98
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this amendment is deficit neutral. it will not add one penny to our deficit. it helps to create room in the budget for legislation to help military families in areas ranging from health care to housing and from education to job placement while their loved ones are serving our country away from home. a vote for this amendment is a vote for our military families, for the sons, daughters, husbands, wives and families who sacrifice for this nation right alongside -- the presiding officer: the senate will be in order. mr. sessions: mr. president, the senate is not in order. the presiding officer: the senate will be in order. the senator from north carolina. mrs. hagan: mr. president, i would like to call up amendment number 278. the presiding officer: the clerk will report. the clerk: the senator from north carolina, mrs. hagan, proposes an amendment numbered 278. mrs. hagan: and, mr. president, i ask my colleagues to consider that our military families serve this nation, they just don't do it in uniform. thank you, mr. president. mr. sessions: mr. president? the p
this amendment is deficit neutral. it will not add one penny to our deficit. it helps to create room in the budget for legislation to help military families in areas ranging from health care to housing and from education to job placement while their loved ones are serving our country away from home. a vote for this amendment is a vote for our military families, for the sons, daughters, husbands, wives and families who sacrifice for this nation right alongside -- the presiding officer: the...
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90
Mar 22, 2013
03/13
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CSPAN2
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eye 90
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the amendment does not add a dime to the deficit. it provides the quality of women's health care and it defends the conscious rights and religious principles of employers and physicians. i strongly encourage my colleagues to support this important amendment, and i ask for the yeas and nays on my amendment. mrs. murray: madam president? the presiding officer: is there a sufficient second? there appears to be. mrs. murray: madam president? the presiding officer: the yeas and nays are ordered. the senator from washington. mrs. murray: madam president, this amendment would allow any employer and -- or insurance company to refuse to cover any health care services for women based on their own religious beliefs and moral convictions that have nothing to do with the health needs of those denied coverage. the compromise put forward by president obama ensures that religious liberty is respected while ensuring that women can get access to the health care that they need. last year, judge carroll jackson, who was appointed by president george h.w
the amendment does not add a dime to the deficit. it provides the quality of women's health care and it defends the conscious rights and religious principles of employers and physicians. i strongly encourage my colleagues to support this important amendment, and i ask for the yeas and nays on my amendment. mrs. murray: madam president? the presiding officer: is there a sufficient second? there appears to be. mrs. murray: madam president? the presiding officer: the yeas and nays are ordered. the...
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51
Mar 23, 2013
03/13
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CSPAN2
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eye 51
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the amendment would not cost any money nor add a penny to the deficit. it encourages the use of current programs in a more wise and coordinated fashion. the presiding officer: the time of the senator has expired. the senator from alabama. mr. sessions: i think we can accept this by voice vote. i would note to my colleagues that the house has nine reserve funds in it. the senate now has about 50. we've adopted already. we've had reserve funds adopted for education, clean energy, infrastructure, farm payments, food stamps, health care, pensions, housing, tooth dekaeurbgs -- decay, and now homeowners. so these create 50 ways to pass taxes more easily. it turns the budget discipline, if we don't watch it, into mush and makes it difficult to do -- maintain the integrity of the budget act and avoids really in some ways the hard work of setting priorities. i think we should do this by voice vote, but i just want to call my colleagues' attention to the fact that reserve funds too readily used can undermine the integrity of the budget process. the presiding offic
the amendment would not cost any money nor add a penny to the deficit. it encourages the use of current programs in a more wise and coordinated fashion. the presiding officer: the time of the senator has expired. the senator from alabama. mr. sessions: i think we can accept this by voice vote. i would note to my colleagues that the house has nine reserve funds in it. the senate now has about 50. we've adopted already. we've had reserve funds adopted for education, clean energy, infrastructure,...
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65
Mar 20, 2013
03/13
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CSPAN2
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eye 65
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, if we're ever going to get out of the problem that we're in as a country in terms of our debt and deficits, we have to have programs that have metrics on them, they have to be followed up, the grants have to be followed, and they need to be held to account. so i hope my colleagues -- i have no hopes of this passing, because most of the colleagues won't actually look at the research that's been done on this, won't look at the effectiveness of it, won't look at the waste, and they'll vote a party-line vote to defeat this amendment. we'll get 45 or 50 votes or 51 or 52. but it'll go down and so consequently real problems that have been oversighted by the permanent subcommittee on investigation, really oversighted by the department of homeland security, the real solutions to problems won't happen because of the way this place is being run. i'd next like to talk about amendment 93. amendment 93 follows a recommendation of the president -- not my recommend day, the president's recommendation. and what this amendment would do is actually take money that has been directed for expired heritage area
, if we're ever going to get out of the problem that we're in as a country in terms of our debt and deficits, we have to have programs that have metrics on them, they have to be followed up, the grants have to be followed, and they need to be held to account. so i hope my colleagues -- i have no hopes of this passing, because most of the colleagues won't actually look at the research that's been done on this, won't look at the effectiveness of it, won't look at the waste, and they'll vote a...